Information  X 
Enter a valid email address

Talbex Group (The) Plc (TALP)

  Print      Mail a friend

Thursday 30 September, 2010

Talbex Group (The) Plc

Half-yearly Report


 
 
THE TALBEX GROUP PLC

 

CHAIRMAN'S STATEMENT

 

Interim Results for the 6 months to 30 June 2010

 

Dear Shareholder

The Board, have together with our Investigative Accountants, Legal and
Corporate Advisors, spent considerable time and effort during the period
negotiating a reverse takeover which late in the transaction failed to come to
fruition.  Despite this setback, the Board will continue to seek and review
opportunities for a little longer and, if a new venture is brought to the
Group, the Board will endeavour to raise new working capital.

The Board are seeking no remuneration for the time being. All Directors and a
private individual have given irrevocable undertakings to capitalise their
respective loans to the Company as identified in the Accounts subject to
shareholder approval as necessary.

  

D M Billings

Chairman

30 September 2010

 

 

 

The Interim Accounts have not been reviewed by the Company's Auditors

The Directors of the issuers accept responsibility for the contents of this
announcement

                                                                              
                                                                              
                                                                              
                                                                              
                  The Talbex Group PLC                                        
                                                                              
INTERIM RESULTS FOR THE 6 MONTHS TO 30 JUNE 2010                              
                                                                              
                       UNAUDITED                                              
                                                                              
                                                         1st half   1st half  
                                                                              
                                                           2010       2009    
                                                                              
                                                                              
                                                                              
Sales                                                       -          -      
                                                                              
Management Fees                                             -       -         
                                                                              
Interest Rec'd                                                  0      1,188  
                                                                              
                                                                              
                                                                              
Total Sales                                                     0      1,188  
                                                                              
                                                                              
                                                                              
Cost of Sales                                               -          -      
                                                                              
                                                                              
                                                                              
Gross Profit                                                    0      1,188  
                                                                              
                                                                              
                                                                              
General and Administrative                                  -          -      
                                                                              
Consultancy, Professional & Legal Fees                     11,295     28,506  
                                                                              
Other Fees                                                      0     13,137  
                                                                              
Other Expenses                                             10,000      6,625  
                                                                              
Bank charges & interest                                       313        107  
                                                                              
                                                                              
                                                                              
Total Costs                                                21,608     48,375  
                                                                              
                                                                              
                                                                              
Revaluation of Current Asset investments to market value        0    (5,456)  
                                                                              
                                                                              
                                                                              
Profit / (Loss) before tax                               (21,608)   (52,643)  
                                                                              
                                                                              
                                                                              
Earnings per share                                          -0.03 p    -0.07 p
                                                                              

 


 

 

      The Talbex Group PLC                                                                     
                                                                                               
          Balance Sheet                                                                        
                                                                                               
      as at 30th June 2010                                                                     
                                                                                               
            UNAUDITED                                                                          
                                                                                               
                                          30/06/2010                       30/06/2009          
                                                                                               
                                                                                               
                                                                                               
Tangible assets                                                                                
                                                                                               
Investments                      5,008                           11,554                        
                                                                                               
                                                         5,008                           11,554
                                                                                               
                                                                                               
                                                                                               
                                                                                               
                                                                                               
Current Assets                                                                                 
                                                                                               
                                                                                               
                                                                                               
  Debtors                       18,527                           14,809                        
                                                                                               
  Investments                   67,500                           92,439                        
                                                                                               
  Cash at Bank and In Hand         798                              117                        
                                                                                               
                                            86,825                          107,365            
                                                                                               
Current Liabilities                                                                            
                                                                                               
                                                                                               
                                                                                               
  Trade creditors               29,803                           32,914                        
                                                                                               
  Other creditors & accruals    32,477                           27,270                        
                                                                                               
                                            62,280                           60,184            
                                                                                               
                                                                                               
                                                                                               
                                                                                               
                                                                                               
Net Current Assets/Current Liabilities                  24,545                           47,181
                                                                                               
                                                                                               
                                                                                               
                                                                                               
                                                                                               
Net Assets                                              29,553                           58,735
                                                                                               
                                                                                               
                                                                                               
                                                                                               
                                                                                               
                                                                                               
                                                                                               
Capital and Reserves                                                                           
                                                                                               
                                                                                               
                                                                                               
Called up share capital                                764,718                          764,718
                                                                                               
Share premium account                                1,035,511                        1,035,511
                                                                                               
Profit & loss                                                                                  
                                                                                               
  Brought forward                      (2,027,668)                      (1,924,951)            
                                                                                               
  Profit & loss ytd                       (21,608)                         (52,643)            
                                                                                               
  Loans to be capitalised                  278,600                          236,100            
                                                                                               
                                                                                               
                                                                                               
                                                   (1,770,676)                      (1,741,494)
                                                                                               
                                                                                               
                                                                                               
Shareholders' Funds                                     29,553                           58,735
                                                                                               
                                                                                               
                                                                                               

 

 

For further information contact Tony Haywood

Tel:  01481 824346 The Talbex Group Plc

 

St Helens Capital Partners LLP

Guy Miller / Gavin Burnell

Tel: 020 7368 6959

 


                                                                                                                                                                                               

a d v e r t i s e m e n t